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Bank of Maharashtra allots 12.27 crore equity shares

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Capital Market

Under QIP issue

Bank of Maharashtra announced that the Equity Issue Committee of the Bank at its meeting held on 12 December 2017 has approved the issue of 12,27,21,827 equity shares to QIBs at an issue price of Rs 25.55 per equity share aggregating to Rs 313.55 crore.

Post allotment, the equity capital of the Bank stands increased to Rs 1379.94 crore comprising of 137,99,44,423 equity shares of face value of Rs 10 each.

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First Published: Dec 12 2017 | 8:40 PM IST

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